Zacks: Analysts Set $4.00 Target Price for Payment Data Systems, Inc. (PYDS)

Shares of Payment Data Systems, Inc. (NASDAQ:PYDS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $4.00 for the company, according to Zacks. Zacks has also assigned Payment Data Systems an industry rank of 183 out of 255 based on the ratings given to related companies.

In other news, Director Michael R. Long sold 34,659 shares of Payment Data Systems stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $1.76, for a total value of $60,999.84. Following the transaction, the director now directly owns 2,319,942 shares in the company, valued at approximately $4,083,097.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Long sold 16,510 shares of Payment Data Systems stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $1.71, for a total value of $28,232.10. Following the completion of the transaction, the director now owns 2,254,573 shares in the company, valued at $3,855,319.83. The disclosure for this sale can be found here. Insiders have sold a total of 157,193 shares of company stock worth $279,393 over the last 90 days. 46.60% of the stock is currently owned by company insiders.

PYDS traded down $0.02 during trading on Monday, hitting $1.90. 22,165 shares of the stock were exchanged, compared to its average volume of 29,039. Payment Data Systems has a 1 year low of $1.35 and a 1 year high of $4.10.

Payment Data Systems (NASDAQ:PYDS) last released its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $6.28 million for the quarter. Payment Data Systems had a negative return on equity of 32.31% and a negative net margin of 20.03%.

About Payment Data Systems

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

Further Reading: Leveraged Buyout (LBO) Explained

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